Supermarket and retail store operator DFI Retail Group (DFIRG), which experienced a deficit, suffered a net loss of US$245 million (S$326.15 million) in fiscal 2024. Despite this, the group plans to pay an annual dividend of 7 cents per share.

The group's full-year results for the end of 2024 on Monday (March 10) showed a loss of 18.17 cents per share. The group's losses include the disposal of shares in China's Yonghui Superstores, the impairment of US$231 million in Robinsons Retail, and the goodwill impairment of US$133 million in Macau and Cambodia's food businesses.

The group's revenue fell 3.3% to US$8.869 billion from US$9.17 billion in the previous year.

Revenue growth in food sales and convenience store business drove basic net profit to rise by 29.7% to US$201 million (approximately S$267.57 million) in fiscal 2024.

The group announced a year-end dividend of 7 cents per share on May 14, up from 5 cents per share in the previous year. The full-year dividend will total 10.5 cents per share, up from 8 cents the previous year.

Further reading

DFI plans to sell off all shares in Yonghui Supermarket and its shares rose by nearly 13% at one point

DFI plans to sell off all shares in Yonghui Supermarket and its shares rose by nearly 13% at one point

DFI Retail Group's net profit of RMB 127 million in the first half of the year increased by 17%

DFI Retail Group's net profit of RMB 127 million in the first half of the year increased by 17%

Brands operated by DFI Retail Group include Cold Storage, Giant, CS Fresh and Guardian Pharmacy Store.